Man from the Pru Thiam sees pay rise to £8.7m as life companies come under fire

His pay for last year includes a basic salary of £1m, an annual bonus of more than £2m and a £5.2m windfall from a long-term shares bonus awarded in 2011, the Daily Mail reports. This is up from £7.8m awarded in 2012. But the Pru's annual report restates the 2012 figure higher at £9.5m, to take into account the fact that share prices have risen - boosting Thiam's (pictured) shares award. The awards come at a sensitive time for the insurance industry, which is under fire from the government and regulators over the treatment of pension savers and investors. Over the past two weeks th...